Health Care Declines as Abbott Labs, Elevance Slide on Earnings - Health Care Roundup

Dow Jones

2025/07/18

Health-care companies fell after a lackluster round of earnings.

Shares of medical-device maker Abbott Labs shares tumbled by more than 8% after it trimmed and narrowed its 2025 growth projections despite an increase in second-quarter sales.

Elevance shares slid after the health insurer slashed its projection for 2025 earnings, citing higher use of medical services by enrollees.

Bristol-Myers Squibb and Pfizer plan to sell the widely used blood thinner Eliquis directly to patients at a discounted cash price, a move that follows the Trump administration's pressure on the industry to cut drug prices.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

July 17, 2025 17:23 ET (21:23 GMT)

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